The U.S. Securities and Change Fee (SEC) has formally ended its investigation into Uniswap Labs, the corporate behind the decentralized alternate Uniswap. This determination marks a significant step again from the SEC’s earlier aggressive stance on crypto enforcement.
In April 2024, Uniswap Labs had obtained a Wells discover from the SEC, warning that the regulator may convey fees towards them for working as an unregistered securities dealer and alternate, and for issuing an unregistered safety. In response, Uniswap defended the legality of its operations and vowed to problem any fees.
On February 25, 2025, Uniswap celebrated the SEC’s determination to drop the investigation, calling it a significant win for decentralized finance (DeFi). The corporate expressed appreciation for the SEC’s new management, stating that the transfer displays a extra balanced strategy to defending customers whereas fostering innovation within the crypto business. Uniswap’s authorized staff emphasised that the conclusion of the investigation wouldn’t solely profit the corporate but additionally supply reassurance to the broader DeFi group.
This determination follows a development of comparable circumstances being closed, together with investigations into different crypto firms like Robinhood, Coinbase and the NFT market OpenSea.
https://twitter.com/JohnReedStark/status/1892711775650361445
The SEC’s evolving stance comes after former Chairman Gary Gensler stepped down in January 2025. Trade consultants, like former SEC official John Reed Stark, have famous that the SEC’s determination to cut back enforcement may sign additional dismissals, together with the high-profile Ripple lawsuit. Stark predicts that the SEC will quickly drop its enchantment within the Ripple case, because the company shifts its give attention to regulation slightly than enforcement. “Buckle up XRP Military, the Ripple Enchantment Has Obtained To Be Subsequent on the SEC Chopping Block,” he wrote.